If the GDP deflator is equal to 100,then for that year nominal GDP is equal to real GDP.

Name: If the GDP deflator is equal to 100,then for that year nominal GDP is equal to real GDP.
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Quizplus · Accepted Answer

If the GDP deflator is equal to 100, it means that the price level in the current year is the same as the base year. Therefore, nominal GDP (which includes current prices) and real GDP (which is adjusted for inflation) will be the same.

If the GDP Deflator Is Equal to 100,then for That